USD/CAD Outlook (07 October 2021)
ByJin Dao Tai
OCT 7, 2021
Overall, USD/CAD is ranging across.
The Canadian Ivey PMI data (Forecast: 60.3, Previous: 66.0) will be released later at 2200 (GMT+8).
Bank of Canada Governor Macklem will be speaking tomorrow at 0000 (GMT+8). During this time, there may be volatility in CAD.
Currently, USD/CAD is testing the support zone of 1.26100 and the next resistance zone is at 1.29000.
Look for short-term selling opportunities of USD/CAD if it breaks the support zone of 1.26100.
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